Mealey's Toxic Tort/Environmental - Judge: Exxon May Not Seek Trust For $104.69 Million In MTBE Settlement Funds

Mealey's Toxic Tort/Environmental - Judge: Exxon May Not Seek Trust For $104.69 Million In MTBE Settlement Funds

NEW YORK - The federal judge in New York presiding over the methyl tertiary butyl ether (MTBE) multidistrict litigation court on July 30 denied a motion by ExxonMobil Corp. seeking to establish a trust out of which to pay a $104.69 million award the City of New York won related to the MTBE contamination of five wells (In re: Methyl Tertiary Butyl Ether Products Liability Litigation, No. 1:00-1898, MDL 1358, City of New York v. Amerada Hess Corporation, No. 04-3417, S.D. N.Y.).

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